aresef OP t1_iu6lx6f wrote
Reply to comment by Cunninghams_right in Outside investors are buying up homes in Baltimore’s low-income and Black neighborhoods by aresef
It is in the public interest to have owner-occupied properties.
DeliMcPickles t1_iu6wplh wrote
Vacant<Occupied<Owner Occupied
MiseALepreuve t1_iu7at9p wrote
They’re often still vacant, though. They’re just owned by some ought of state corporation intentionally neglecting them to bring down the value in the neighborhoods so they can buy more and eventually bulldoze entire blocks for some ugly corporate bullshit.
Occasionally they’ll rent them out but in the most corporate slumlord sort of manner.
This is not who we want buying houses in Baltimore
Cunninghams_right t1_iu7rhyk wrote
> intentionally neglecting them to bring down the value in the neighborhoods
that's why I specifically called that out as one of the IFs.
email your council person and say that you want corporate buyers to pay heavy penalties if they do not rent the houses within a year.
DeliMcPickles t1_iu7f3pe wrote
They're paying taxes on them which is a plus.
aresef OP t1_iu6wspq wrote
These investors come in and they jack up rent, jack up home prices. Or they just leave a vacant to rot. Get them the hell out.
Cunninghams_right t1_iu7rrzd wrote
higher ownership rates are ideal, but investment in the city is also a positive. we can't just wave a magic wand and make everything in the city better, the city needs money to solve root causes.
PutVegetable8415 t1_iu895tx wrote
Do you live in the city?
Ph0ton_1n_a_F0xho1e t1_iubesv0 wrote
[citation needed]
aresef OP t1_iubezdu wrote
Ph0ton_1n_a_F0xho1e t1_iubfkty wrote
Neither of those are about Baltimore’s housing which is some of the cheapest in the country lol.
Rent doesn’t go up from people buying vacants in shitty areas and Baltimore doesn’t have a growing population which is why it doesn’t have the housing supply issues that other places have.
Also your second article literally states the opposite:
> Large-scale rental house landlords often are blamed for rent hikes but still represent a tiny portion of single-family homes, said David Howard, director of the National Rental Home Council in Washington, D.C., a trade group representing single-family home landlords.
>“The idea that large, faceless, deep-pocketed out-of-town investors are taking over every housing market and dictating rents is just not true,” Howard said, speaking of what he called a half-dozen companies with tens of thousands of homes nationwide.
🤡🤡🤡🤡
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